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Saturday, October 23, 2021

American Manganese Announces Closing of C$20 Million Private Placement Offering with Institutional Investors - Yahoo Finance

Last updated Tuesday, October 5, 2021 07:30 ET , Source: NewsService

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SURREY, BC / ACCESSWIRE / October 5, 2021 / American Manganese Inc. ("AMY" or the "Company") (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) today announced that it has closed its previously announced private placement of common shares ("Common Shares") and warrants to purchase Common Shares ("Warrants") to institutional investors for aggregate gross proceeds to the Company of approximately C$20 million (the "Private Placement"). Pursuant to the Private Placement, the Company has issued up to 20,000,000 Common Shares and Warrants to purchase up to 20,000,000 Common Shares at a purchase price of C$1.00 per Common Share and associated Warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$1.25 per Common Share at any time prior to the three-year anniversary of the closing date of the Private Placement (the "Closing Date").

A.G.P./Alliance Global Partners (the "Agent") acted as the exclusive placement agent for the private placement.

The Common Shares and Warrants issued under the Private Placement were qualified by way of a prospectus supplement under the Company's short form base shelf prospectus dated September 16, 2021 (collectively, the "Prospectus Supplement") which was filed in the province of British Columbia. In the United States, the Common Shares, Warrants and the shares issuable upon the exercise of the Warrants were offered on a...



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